Micron Technology, Inc. (NASDAQ:MU) shares traded 0.83% during the most recent session the stock exchanged hands 15.06M shares versus average trading capacity of 29.05M shares, yielding a market cap of $30.41B. Wall Street analysts covering the stock are projecting that the stock will reach $38.63 within the next 52-weeks. The mean target projections are based on 27 opinions, the mean target was last revised on 04/17/17.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Micron Technology, Inc. (NASDAQ:MU) high price target of $60.00 and with a conservative view have low price target of $27.00 with a standard deviation of $4.64. If seeing target price from optimistic overview then it has a 114 percent upside potential from the latest closing price of $28.00.
Micron Technology, Inc. (NASDAQ:MU) “Initiated” by Macquarie in a research note issued to investors on Mar-31-17 as Outperform from at $35.
Additionally on Mar-27-17 Micron Technology, Inc. (NASDAQ:MU) was “Reiterated” by Standpoint Research as Buy from $32 to $36 and on Mar-03-17 the stock was “Reiterated” by Cowen as Outperform from $33 to $34. Furthermore on Mar-01-17 the stock was “Upgraded” by Goldman from Neutral to Buy.
On the other hand the company has Relative Strength Index (RSI 14) of 55.72 along with Average True Range (ATR 14) of 0.74, Consequently Micron Technology, Inc. (NASDAQ:MU) weekly and monthly volatility is 2.39%, 2.54% respectively. The company’s beta value is at 1.78.
In terms of Buy, Sell or Hold recommendations, Micron Technology, Inc. (NASDAQ:MU) has analysts’ mean recommendation of 1.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Analysts who have weighed in on projected earnings growth are expecting that Micron Technology, Inc. (NASDAQ:MU) will report earnings of $1.5 for the current quarter, however the company’s high EPS estimates are $1.57 and low estimates are $1.43. However the company reported -$0.08 earnings per share for the same quarter during last year.
Previously Micron Technology, Inc. (NASDAQ:MU) reported $0.77 earnings per share (EPS) for the quarter on 3/23/2017 After Market Close, meeting the consensus estimate of $0.77 by $0.00. The company posted an earnings surprise of 0.00%.
While considering growth estimates of the company, it has next quarter growth estimates of 3,180.00% whereas during current quarter it has 1,975.00% estimations over growth, comparing to the estimations of 7,033.30% during current year and 20.10% for next year. Past 5 years growth of Micron Technology, Inc. (NASDAQ:MU) observed at 24.42%, looking forward for the next 5 years it has a strong prediction of 1.00% over growth.
Micron Technology, Inc. (NASDAQ:MU) revenue estimates for the current quarter are $5.4B according to 25 number of analysts, for the current quarter the company has high revenue estimates of $5.53B in contradiction of low revenue estimates of $5.11B. For the current year the company’s revenue estimates are $19.56B compared to low analyst estimates of $18.87B and high estimates of $20.18B according 28 number of analysts.
Currently Micron Technology, Inc. (NASDAQ:MU) shares owned by insiders are 0.30%, whereas shares owned by institutional owners are 84.50%. However the six-month change in the insider ownership was recorded -15.46%, as well as three-month change in the institutional ownership was recorded -0.66%.
Micron Technology, Inc. (NASDAQ:MU) trading -6.26% away from its 52 week high of $29.87 and +199.47% far from the stock’s low point over the past 52 weeks, which was $9.35. The stock hit its 52-week high on 03/24/17, and 52-week low on 05/12/16. The company’s trailing twelve month income is 689.00M dollars.
Micron Technology, Inc. (NASDAQ:MU) trailing twelve month revenues are $14.73B, whereas its price to sales ratio for the same period is 2.10. Its book value per share for the most recent quarter is $13.00 while its price to book ratio for the same period is 2.15, as for as the company’s cash per share for the most recent quarter is $3.53, however its price to cash per share ratio for the same period is 7.94. The stock has a current PEG ratio of 49.56 where as its trailing twelve month P/E ratio is 49.56.